Daily Market Report – June 8, 2026
Markets
The stock markets stabilized after the sell-off on Friday. The S&P 500 (SPX) and the Nasdaq 100 (NDX) gained, supported by a recovery in semiconductor stocks. At the same time, oil prices gave back part of their interim rise following tensions in the Middle East.
Asia presented itself significantly weaker. The KOSPI (KOSPI) lost more than eight percent; trading was temporarily suspended. The Nikkei 225 (NI225) also came under pressure. The correction hit precisely the markets that had previously benefited the most from the AI euphoria.
Companies & Earnings Season
The strongest movement in the technology sector was shown by Intel (NASDAQ: INTC). The trigger was reports of a large order from Alphabet (NASDAQ: GOOGL) for more than three million AI processors. The news is considered an important success for Intel's foundry business.
In contrast, the sell-off continued in parts of the Asian semiconductor industry. Samsung Electronics (005930) lost around ten percent, SK Hynix (000660) nearly eight percent. The two companies are at the center of the global AI memory chip supply chain.
Macroeconomics
Industrial orders in Germany fell by 3.8 percent in April compared to the previous month. The decline was stronger than expected and weighs on hopes for a quick recovery of the industry.
The focus of the markets is now on the upcoming American inflation data. It is likely to be significant for interest rate expectations and the further development of technology stocks.
Relevant for investors
The correction in South Korea shows how strongly the global AI boom is now supported by a few semiconductor stocks. For the coming days, US inflation, bond yields, and the development of the AI supply chain remain the decisive influencing factors.
(Created on 06/08/2026 at 16:29 ET)